News

If an independent body is not appointed to monitor the regulator's performance, the Association of Professional Advisers (APFA) will take on the task itself, the body's chairman told members in a defiant speech last night.

Fidelity FundsNetwork has urged regulators and the Treasury to urgently clarify its rules on adviser charging.

Key Retirement Solutions has completed the purchase of IFA annuity broking service Annuity People.

The "lunacy" of the euro and its "inevitable" end may improve the funding position of UK pension schemes, economist Roger Nightingale has said.

UK residents with Swiss bank accounts are being warned that new landmark taxation arrangements are scheduled to come into force on 1 January next year.

Bank of England governor Mervyn King has said the UK economy may contract once again in the fourth quarter of 2012 despite moving out of recession in Q3.

Sesame Bankhall Group (SBG) managing director Nick Kelly has left the business in a major reshuffle.

Network Direct has signed a five year deal with Redland Business Solutions (RBS) to give its advisers more access to professional support.

The newly branded Association for Professional Financial Advisers (APFA) voted to accept restricted advisers at its annual general meeting (AGM) held yesterday.

Prudential has reported new UK business profit rose 17% for the first nine months of the year, driven by higher sales and by the life company's decision to focus on certain products.